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Australian home values rise, fueled by interest rate cuts, but first-time buyers remain cautious.
Australia's housing market saw a recent boost due to anticipated interest rate cuts, with home values rising, especially in Sydney and Melbourne.
Despite this, the pace of growth has slowed due to ongoing economic uncertainties and affordability issues.
The Reserve Bank cut interest rates in February after four years, stoking buyer confidence among investors and upgraders, but first-time buyers remain cautious.
Further rate cuts are expected this year, which could further stimulate the market.
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Los valores de las casas australianas suben, impulsados por los recortes de las tasas de interés, pero los compradores por primera vez siguen siendo cautelosos.